Compare Platinum Credit Cards

Find the best platinum credit card deal

Check out MoneySupermarket's selection of platinum credit cards currently available, which come with a range of benefits. These may include better credit limits, and 0% on balance transfers, in addition to other exclusive benefits.

Your personalised chance of approval

Chance of approval{{sliderProduct.productScoring.productLikelihood}}/10

Chance of approvalNot rated

Chance of approvalNot eligible

Being pre-approved means you’re an ideal customer for this lender and you’re guaranteed to get this card, provided you use the same details as you gave us, and you pass the lender’s ID checks.

We can’t give you a rating for this card either because we can’t match your details to your credit report, or we don’t have enough information about the lender’s acceptance criteria for this card.

You won’t get this card. This is usually because you don’t meet the lender’s acceptance criteria – for example, your income may not be high enough, you have credit problems, or you already have one of this lender’s cards.

This means there’s a good chance you’ll be accepted for this card. For every 100 applications from people in a similar financial situation to you, between 70 and 95 of them will get the card.

This score means it’s around fifty-fifty whether you’ll be accepted for the card or not. It’s worth a go if this is your highest score, and you need the credit for a specific purpose.

It’s unlikely you’ll get this card. For every 100 people in a similar financial situation to you who apply, only between 10 and 30 get accepted for the card. There’s still a chance, but rejection’s more likely than acceptance.

Why is this important?

Every time you apply for a credit card, a mark is left on your credit score. That means it's better to get it right the first time. Your scores help you understand which cards you have the strongest chance of getting. The higher the score, the stronger chance you have of getting the card. If you see a very low score, you're probably better off choosing a different card.

Chance of approval scale

10/10 = Pre-approved

Chance of approval10/10 GUARANTEED

10/10 GUARANTEED

10/10 = Pre-approved

Being pre-approved means you’re an ideal customer for this lender and you’re guaranteed to get this card, provided you use the same details as you gave us, and you pass the lender’s ID checks.

9.5/10 - 7/10 = Good chance

Chance of approval9.5/10

9.5/10

Chance of approval9/10

9/10

Chance of approval8/10

8/10

Chance of approval7/10

7/10

9.5/10 - 7/10 = Good chance

This means there’s a good chance you’ll be accepted for this card. For every 100 applications from people in a similar financial situation to you, between 70 and 95 of them will get the card.

6/10 - 4/10 = Fair chance

Chance of approval6/10

6/10

Chance of approval5/10

5/10

Chance of approval4/10

4/10

6/10 - 4/10 = Fair chance

This score means it’s around fifty-fifty whether you’ll be accepted for the card or not. It’s worth a go if this is your highest score, and you need the credit for a specific purpose.

3/10 - 1/10 = Low chance

Chance of approval3/10

3/10

Chance of approval2/10

2/10

Chance of approval1/10

1/10

3/10 - 1/10 = Low chance

It’s unlikely you’ll get this card. For every 100 people in a similar financial situation to you who apply, only between 10 and 30 get accepted for the card. There’s still a chance, but rejection’s more likely than acceptance.

Not eligible = Consider a different card

Chance of approvalNot eligible

Not eligible

Not eligible = Consider a different card

You won’t get this card. This is usually because you don’t meet the lender’s acceptance criteria – for example, your income may not be high enough, you have credit problems, or you already have one of this lender’s cards.

Not rated = We don’t have enough infoinformation

Chance of approvalNot rated

Not rated

Not rated = We don’t have enough infoinformation

We can’t give you a rating for this card either because we can’t match your details to your credit report, or we don’t have enough information about the lender’s acceptance criteria for this card.

EXPLORE MORE CREDIT CARDS

What is a platinum credit card?

A platinum credit card offers rewards when you spend using your credit card. You’ll often need to earn a higher income and have a good credit history to be accepted, and you’ll also need to meet the provider’s minimum age limit. Platinum credit cards will often come with an annual fee.

Platinum credit cards used to be targeted at high earners, but they are now more accessible to consumers with different incomes. Having a higher income can help to make the annual platinum credit card fee more affordable.

MoneySuperMarket data found that the average income of applicants looking for a reward credit card was £146,059 a year.

The average annual income of credit card searchers by spending purpose, according to MoneySuperMarket data from August 2016 – August 2018.

How does a platinum credit card work?

A platinum credit card offers benefits when you use your card, which might include:

Cashback on your spending

Membership rewards that you can then spend with the provider’s partners

Access to exclusive events and offers when you spend with provider partners

Platinum credit cards will usually offer one or a selection of these benefits. It’s a good idea to look at the benefits a credit card offers before applying so you know what to expect.

You’ll need to meet the minimum monthly repayment and avoid going over your credit limit to keep the rates you’re offered and avoid paying any fees.

Using your platinum card to make purchases

A platinum credit card will often offer a variable interest rate for the lifetime of the card, although some cards might offer 0% interest on purchases for a limited period.

After the 0% interest deal is over your repayments will then have the card’s standard interest rate applied to them. Pay off the balance each month in full to avoid paying interest.

Platinum credit cards can offer higher credit limits, and you’ll usually have to spend a minimum amount in a set time to access the best rewards the card has to offer.

Platinum credit cards come with standard purchase protection when you spend, and some cards will also offer enhanced spending protection for free.

0% balance transfer platinum credit cards

Some platinum credit cards will offer a 0% interest rate on balances you transfer to your new platinum card for a set period. You will often need to pay a fee to carry out the balance transfer though.

The 0% interest period you’re offered will depend on your credit history and financial situation and will start from the day your account opens.

Once the 0% interest rate period is over you will usually have to pay a high interest rate on the money you still have on your platinum card.

Things to be aware of when considering applying for a platinum credit card

Some things to be aware of when you’re considering applying for a platinum credit card include:

You will need to meet the credit card provider’s borrowing history, age and income criteria to be accepted for a platinum credit card

You will often have to pay an annual fee to access platinum credit cards that offer high value rewards like cashback

If the card offers a 0% interest rate on balance transfers you will usually have to transfer the balance within a set period to access the offer – this could be within three months of receiving the card

You will often have to pay a set fee to transfer a balance to your platinum card

If you choose a 0% balance transfer card then you may have to pay a higher rate of interest to use your platinum card for spending

There will be a limit to the balance you can transfer to your credit card based on your available credit limit

If the card offers a 0% interest rate on spending then you may have to pay the balance back in full each month to not pay interest, and the 0% interest rate may only be offered for a limited time

After any low interest rate deal has ended you will usually have to pay a higher rate of interest

The interest rate and credit limit you’re offered on your platinum card will depend on your credit history and financial situation

The highest number of searches for reward credit cards come from consumers aged 30-39, according to MoneySuperMarket data from August 2016 – August 2018.

Compare platinum credit cards

Comparing platinum cards can help you find the best card for you. We show you a list of platinum credit cards, sorted by the longest balance transfer offer.

You can then compare cards by balance transfer interest rate offers and balance transfer fees. You’ll also be able to see the interest rate charged when you use your platinum card to make purchases and any rewards you can earn when you spend with each card.

Click into the product details to then see cashback rates and offers. You’ll also be able to see any interest-free periods and any fees associated with that card.

It’s important to remember that the platinum credit card listing we show doesn’t take into account your financial situation and borrowing history. Click the eligibility checker on a card deal listing to then see the likelihood of you being approved for the card.

Using the eligibility checker runs a soft search on your credit history and won’t affect your credit score.